The impact of assets on child well-being in developing countries has received considerable attention in the last decade. Increased recognition of the critical role played by assets in enhancing children’s well-being has spurred efforts to study the relationship between assets and a range of outcomes for children. This chapter reviews current studies (i.e., conducted within the past 10 years) that explore the relationship of asset ownership and a range of outcomes. The studies we have included in this review illustrate the impact that assets can have on children’s outcomes in the area of health, education, and child labor. Overall, the studies reviewed show that asset ownership improves children’s health conditions, advance schooling outcomes, and decrease incidence of child labor. Further research on the asset effects for child outcomes can inform progressive asset-building initiatives that will provide impetus for programs and policies to enhance household well-being in developing countries.